On 1/1/ 2020,P Co acquired 100% of K Co stock at an amount to its book value.

Selected balance sheet data at December 31, 2018,are as follows:

P Co K Co

Total Assets 420,000 180,000

Liabilities 120,000 60,000

Common Stock 100,000 50,000

Retained Earnings 200,000 70,000

In 1/1/ 2020, P CO balance sheet, what amount should be reported as investment in k co?

Select one:

a. 300,000

b. 30,000

c. 120,000

d. 45,000